Stifel Maintains Eldorado Gold(EGO.US) With Hold Rating, Cuts Target Price to $19.31
Eldorado Gold Corp Price Target Cut to C$27.00/Share From C$28.00 by Stifel Nicolaus
How will Trump 2.0 policies affect global capital markets? Bank of America Merrill Lynch lists three possible scenarios that may arise.
Bank of America Merrill Lynch believes that in the best-case scenario, the US GDP growth rate will exceed 3%, the US dollar will be slightly strong, and the gold price will be relatively low; in the worst-case scenario, aggressive tariff policies will impact global trade, exacerbate the risk of US recession, and cause a sharp decline in US stocks; in the tail risk scenario, the US economy will fall into stagflation, the US dollar will weaken across the board, and gold and cryptos will benefit.
Gold suddenly changes its trend! Important ceasefire news from the Middle East causes gold prices to plummet more than $17 intraday. How to trade gold?
On Monday during Asian market trading, spot gold suddenly plummeted significantly, with the gold price just dropping below 2,700 USD/ounce, a daily drop of over 17 USD. According to a recent report by the well-known USA website Axios, two senior Israeli officials and two American officials told Axios that Israel and Lebanon are about to reach a ceasefire agreement to end the conflict between Israel and Hezbollah.
We Like These Underlying Return On Capital Trends At Eldorado Gold (TSE:ELD)
Risk aversion is rising, gold is back above the $2700 level.
Recently, gold futures have recorded the largest weekly increase since March 2023, ending three consecutive weeks of decline.